Healey to 'fine tune' Founders' Relief by month-end

During a session of the Treasury Committee on Wednesday (11 November), Healey said the government was undertaking a "rapid technical piece of work now until the end of this month in order to devise the fine details" of the new lifetime tax relief of 10% on CGT up to £10m for entrepreneurs unveiled in the Autumn Budget. This was in response to criticism of the policy presented by John Glen, Conservative MP for Salisbury, who cited what he called a "scathing" review of the policy by director of the Institute for Fiscal Studies Helen Miller. Glen suggested the rules required for business...